Featured Finance

Angola reopens May 2048 dollar bond

By Aliyu DANLADI

The Republic of Angola is tapping its US$1.25bn note due May 2048 bond for an additional US$500m, according to a lead.

The reopening is being marketed at 9.30 per cent area.

The sovereign is rated B3 by Moody’s and B by Fitch.

Books are open for today’s business via Deutsche Bank, Goldman Sachs and ICBC.

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